Soybeans were lower on profit taking and technical selling. Soybeans saw a correction, continuing to find resistance under the $15 level. The monthly NOPA crush numbers were lower than expected, but domestic crush margins are bullish and weekly export sales were nearly 3 million tons, mainly to China and unknown destinations. That NOPA member crush total was 179.184 million bushels, well below October and slightly less than November 2021, with soybean oil stocks up on the month and a little more than the pre-report projection, but down on the year.
